HSBC moneylaundering. RBI, GOI should withdraw banking licence to HSBC

Stephen Colbert On HSBC

January 17, 2013

By EJ Fagan

EJ Fagan is the New Media / Advocacy Coordinator for the Task Force on Financial Integrity & Economic Development in Washington, DC. He holds the same position with Global Financial Integrity.

Satirist Stephen Colbert dismantled HSBC on his show last night. He criticizes both HSBC for helping to launder tremendous amounts of drug money, helping to finance murder, and the U.S. government for treating them as “Too Big to Jail.” Below are two videos: the first shows Colbert directly addressing HSBC, and the second is an interview with Rolling Stone’s Matt Taibbi on the scandal.

Money quote: “”[HSBC was] slammed with a $1.9 billion fine. Do you know how long it would take HSBC to earn that back? Four weeks. You could do the Special K challenge twice!”
http://www.colbertnation.com/the-colbert-report-videos/422922/january-16-2013/hsbc-laundering-charges


Second video below the fold:
http://www.colbertnation.com/the-colbert-report-videos/422923/january-16-2013/hsbc-laundering-charges---matt-taibbi


http://www.financialtaskforce.org/2013/01/17/stephen-colbert-on-hsbc/